CHINA SIGNS OFF ON FTA WITH SWITZERLAND

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July 9, 2013

BEIJING - China and Switzerland have formalised a free trade agreement (FTA) amid a trade dispute between China and the EU over Chinese exports of solar panels (Switzerland is not a member of the EU, so is not restricted by Brussels in terms of trade regulations). Once the FTA is ratified, Switzerland will remove tariffs on up to 99.7% of Chinese exports and China will exempt tariffs on 84.2% of Swiss exports. The FTA will also provide a platform for the two countries to enhance co-operation in industries including watch-making and traditional Chinese medicine.